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In the early morning of Tuesday, 23rd July, Typhoon Prapiroon intensified and made landfall in Quang Ninh and Hai Phong before weakening into a tropical depression, causing heavy rains, affecting sea transport in Haiphong port. As a result, on 23rd July, Tan Cang Hai Phong International Container Terminal (TC-HICT) and Nam Dinh Vu port had to temporarily cease their operation. Before hitting Vietnam, many parts of south China witnessed rainstorms and gusty winds from Sunday to Monday morning due to Typhoon Prapiroon, which leads to delays of vessels departing to and from China.   Gaemi, another tropical cyclone, is expected to pass the...

A fuel surcharge is an additional fee imposed to offset the burden of a sharp increase in jet fuel prices(MOPS) instead of raising the base fare. Recently, international oil prices have been fluctuating frequently, making it impractical to adjust airfares each time. Therefore, 'Fuel Surcharge' was introduced to apply adjusted fuel charges, either increased or decreased, on a monthly basis.   * Cargo Fuel Surcharge Departing from Korea BEFORE FSC CURRENT FSC Period Jun 16th - Jul 15th 2024 Period Jul 16th - Aug 15th 2024 Long haul KRW 570 / kg Long haul KRW 640 / kg Medium range KRW 540 / kg Medium range KRW 600 / kg Short haul KRW 510 / kg Short haul KRW 570...

At the invitation of Korean Prime Minister Han Duck Soo, Vietnamese Prime Minister Pham Minh Chinh, his wife and a high-ranking Vietnamese delegation paid an official visit to Korea from June 30 to July 3. The visit strengthened the friendly relations between the two countries and achieved significant outcomes for the advancement of diplomacy. First, A business forum was held, and 23 business agreements (MOU) were signed with 19 Korean companies and institutions, including SK, POSCO, and Hyosung, and 18 Vietnamese companies and institutions. Through the agreement, it was decided to expand trade and investment in industrial fields such as advanced...

According to the Ho Chi Minh City Customs Department, at Tan Son Nhat International Airport, the Customs agency manages and coordinated with competent authorities inside and outside the sector to arrest the illegal transportation of goods such as used electronic devices (on the List of goods banned from import), mainly imported from Singapore and Korea to Vietnam.   In May 2024, Tan Son Nhat International Airport Customs Sub-department discovered a violation by the ground staff of a ground service company passing through the internal gate control area that transported 1 paper bag containing 25 used iPhones, Samsung cell phones, and 100 bills...

Statistics from Vietnam Maritime Administration show that recently global container shipping fees have increased by 12%, while costs on routes from Asia to Europe have risen by 14%. Also, there are fears that in the coming time, the lack of empty containers could push up sea freight rates to the records set during the COVID-19 pandemic.   Container prices have increased due to the following reasons: 1. Limited supply of container ships because ships have to reroute around the Red Sea area due to Houthi attacks 2. Owing to peak season of international market, there is a shortage of empty containers. 3. Chinese...

HaiPhong International Terminal (TC-HICT) pronounced the adjustment of timeframe for receiving export containers to ensure smooth operations and service quality within the port. Containers destined for loading onto vessels can now only be brought into the port within 4 day period prior to the vessel's Estimated Time of Arrival (ETA).   Previously, containers could be brought into the port up to 5 days before the ETA. However, due to increasing port congestion, the time frame has been adjusted to mitigate the problems.   The new receiving time frame will take effect starting Thursday, June 20th.